Net Income Per Share (Tables)

3 Months Ended

Jul. 02, 2021

Earnings Per Share [Abstract]

Schedule of Components of Net Income Per Share

The components of basic and diluted net income (loss) per share are as follows:

	Three Months Ended
(In millions, except per share amounts)	July 2, 2021		July 3, 2020
Income (loss) from continuing operations	$	181	$	149
Income (loss) from discontinued operations	—		(31)
Net income	$	181	$	118
Income (loss) per share - basic:
Continuing operations	$	0.31	$	0.25
Discontinued operations	$	—	$	(0.05)
Net income per share - basic	$	0.31	$	0.20
Income (loss) per share - diluted:
Continuing operations	$	0.31	$	0.24
Discontinued operations	$	—	$	(0.05)
Net income per share - diluted	$	0.31	$	0.19
Weighted-average shares outstanding - basic	580		590
Dilutive potentially issuable shares:
Convertible debt	7		20
Employee equity awards	4		4
Weighted-average shares outstanding - diluted	591		614
Anti-dilutive shares excluded from diluted net income per share calculation:
Employee equity awards (1)	—		1
Total	—		1

(1) During the three months ended July 2, 2021, the number of shares was less than 1 million.

Schedule of Debt Conversion Rate

The conversion price of each convertible debt instrument applicable in the periods presented is as follows:

	Three Months Ended
	July 2, 2021		July 3, 2020
2.0% Convertible Senior Notes due August 15, 2022	N/A		$	10.23
New 2.5% Convertible Senior Notes due April 1, 2022	N/A		$	16.77
New 2.0% Convertible Senior Notes due August 15, 2022	$	20.41	$	20.41